Mind Your Own Business
By Jennifer de Thomas, a financial adviser in Portland who thrives on organizing people’s financial lives so they are free to concentrate on what they love to do.
Financial planning – that’s a subject for rich, well-established business owners, right? Doesn’t a small startup not need to worry about financial planning for years? Financial planning couldn’t possibly help your small business…or could it?
You didn’t go into business for yourself to study cash flow, budgeting, retirement planning, financial statements, taxes, or insurance. Consequently the “business” side of your business has taken a back seat to everything else, until it comes screeching to the front in the form of late bills, tax penalties, flood, fire or even the bank that says no to the line of credit you really need to expand for lack of solid financial statements.
Your business thrives on your creativity, hard work, ingenuity, grit, and yes, financial planning. While you focus on the brain and brawn of your business, don’t put off building the infrastructure that will enable you to pay your bills on time, satisfy the tax man, tuck away for a rainy day, and make your enterprise attractive to those who want to invest in a winning proposition, you.
Learn how financial planning does not have to be a complex chore more suited to those who already have “finance.” Financial planning also does not have to be complicated to execute, nor costly to set up. In fact, once you tackle your plan, you will be able to stop worrying and begin acting in your own best interest. Set up your buckets, including your savings, your taxes, your retirement, cash flow and budget, to best align money with your goals, both business and personal. If you take your business seriously, then take the money side of your business seriously.
“Improving Your Financial Literacy” on May 1st, 6-8:30pm.
Jennifer de Thomas thrives on organizing people’s financial lives so they are free to concentrate on what they love to do. Planning is fundamental to the integrity of your financial life. Everyone, whether they are just starting out, just starting over, or just starting to retire, benefits from a plan that accounts for each piece of their financial puzzle, not just their portfolio. Identifying priorities, uncovering underlying relationships to money and aligning values with their hard earned savings is at the top of her priorities.